Stability and success are important at every stage in your life. For those exploring reverse mortgages, we understand that your family and your security are paramount. We provide quality customer care you can trust. We’ll guide and educate you through the process to make it manageable, with transparent communication and a commitment to make sure your needs are taken care of before, during and after the loan. We’re dedicated to helping you achieve your financial goals.
The Home Equity Conversion Mortgage (HECM for short) has rapidly become part of the financial planning world. No longer considered a loan of last resort, the new and improved HECM could help those who may not necessarily need cash now, but wish to secure the longevity of their savings. And considering that your home may be your largest asset, you owe it to yourself to learn more about the HECM.
You owe it to yourself to learn more about the new and improved Home Equity Conversion Mortgage (HECM). Your home’s equity could be your largest asset and should not be ignored as a source of funds when creating your retirement plan. Contact us today or Find an Office near you and together we can prepare you for your journey to financial security.
Must be 62 years or older
Live in home as primary residence; vacation homes and investment properties do not qualify
Complete a HUD-approved counseling session
Must be able to pay homeowners taxes, insurance, and any applicable HOA fees
At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds
Charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees
The loan balance grows over time and interest is charged on the outstanding balance
The borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home
Interest on a reverse mortgage is not tax-deductible until the borrower makes partial or full re-payment
For more information about Home Equity Conversion Mortgages, click the link below to receive our free eGuide.
Reverse Mortgage / HECM
Video: How to Decide if you Need a Reverse Mortgage
HECM / Reverse Mortgage
Home Equity Conversion Mortgages: Options For Everyone
Documentation / Reverse Mortgage
Documentation You’ll Need to Apply for a Reverse Mortgage
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